Proven Investments led trading on the JSE USD market on Monday.
Trading on the JSE USD market ended with the volume of shares changing hands surging 474 percent above Friday level, driven by Proven Investments with over 1.3 million units, leading to 587 percent more funds passing through the market than on Friday and ending, with no stocks rising and an even number declining and remaining unchanged.
Four securities traded on Monday, versus five on Friday, with two declining and two remaining unchanged.
The JSE US Denominated Equities Index fell 3.01 points to end at 180.75, with a 3 percent fall for the year to date. The PE Ratio, a measure that is used in computing appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 1,916,232 shares traded for US$343,397 up from 334,068 units at US$70,546 on Friday. Trading averaged 479,058 units at US$85,849 up from 66,814 shares at US$14,109 on Friday, while the month to date averages 217,631 at US$13,611 in contrast to 207,174 units at US$10,721 on Friday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital lost 0.3 of a cent to end at 7.2 US cents trading 408,722 shares, Proven Investments remained at 23 US cents with an exchange of 1,318,594 units, Sygnus Credit Investments USD ordinary share settled at 13 US cents with 76,190 stocks changing hands and Transjamaican Highway fell 0.04 of a cent to 0.81 US cents with 112,726 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.